How to Solve Money Problems for Graduates, Stay-at-Home Mums or Retirees
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How to Solve Money Problems for Graduates, Stay-at-Home Mums or Retirees

Are you a stay-at-home mum or dad or a graduate or you are the at the age to retire soon and you have no idea how to save money to move forward in your life? Whichever category you belong to creating a saving pot is somehow really challenging. And an article in the papers such as this one “Retirement time-bomb is ticking for millions” is really not offering any suitable solution.

You read in the Times article that over 15 million of people here in the UK may struggle big time later on as they have no saving which goes towards their retirement.

Sometimes there are unfortunate events

The survey done recently found out that there is potentially a half of the people in financial difficulties due to debt, don’t know how to manage money, have no savings, got into financial issues through ill health, divorce or bereavement.

Does any of these apply to you or do you know someone who is in a similar situation?

In 21st century Britain I was astonished to find out that there are so many people who struggle badly:

  • 1 millions cannot pay their monthly bills or credit card bills (in the past 3-6 months)
  • 5 millions people are forced to borrow money from family members or friends to survive a month.
  • One third have zero short-term savings to dig into when they need.
  • 35% people aged 45-54 have not made any plans how they would like to retire and where the money will come from
  • 1 million of people who haven’t retired yet don’t sent money into a pension scheme.

Frightening, isn’t it?

In my opinion, we as a whole society are not well educate in the financial department on how to actually manage money.

When I was little I played a game similar to Monopoly and I loved it. Gave me an idea what could be done in real life.

Would you agree that financial literacy begins at home?


When I came to this country and landed on a BA course like most people I graduated with debt – a student loan.

How are the students doing?

There is about 50% of young people aged 18-24 who start their career with a debt. What a start of a career, hey? Since 2008/9 things have not changed that much. I spoke to a young Millennia man, who is graduating in graphic design next year, he was invite to take part in something like an annual conference with students and senior professors. They asked him whether he would embark on a degree course knowing what he knows now – mind you, there is £12K an annual fee involved.

Guess, what his answer was?


It was very interesting hearing him say that the lecturers and professors are teaching 10 years old methods and most of them are not willing to keep up with the current stream…

Interesting, isn’t it?

These days is not a problem to get yourself into debt. In fact, all companies offer such irresistible deals! You can have your fridge now and pay in 1 months time!!!!

I attended a number of seminars in my twenties and thirties and I must say that the information was most valuable and really helped me to learn how to get rid of my debt. I’d highly recommend Dani Johnson and her program called “The War on Debt” Simple strategies to live a debt free life.

Granny’s advice

I’ve learnt from my grandmother:

“You cannot live above your means. You cannot spend all the money you earn. Something always has to be put aside.”

Does it sound old fashioned? Maybe, but it served me well.


The article also mentioned that young adults cannot afford to get on the property ladder. 48% of 25-34 year olds are still renting. Most of my friends do indeed. And the rest of them who has a mortgage is fearing the interest rates going up which would make things even tighter for them.


So one has to be really on top of the game and be super creative to bring extra income in. A great way is if you have an extra spare room in your flat/house to sign up for Air B&B and leverage your time and asset.


Those people who have saved up only 12% have more than £100 000 in their pot. Not enough these days as it’s not going to last you long. Taking the present rates the £100 000 would go as far as about £5000 when you are 65.


The advice given by Patrick Connolly at Chase de Vere, the financial adviser was: “People who aren’t saving enough for retirement face the stark reality of either a lower standard of living in old age or in effect working until they drop.”

That’s a not at all positive perspective, right?


The other option is to create a business!

But I’m sure you’d agree with me it has to be the right kind of business.

So check this one out:

What if the business fulfilled these criteria:

  • you can start with a low investment,
  • anyone can do it because training and support are a big part
  • you can start it pretty much right away and earn money (no need to spend an awful lot of time to learn),
  • no glass ceiling on earnings,
  • the product range is unique – something that everyone needs and nobody has,
  • No politics
  • would you want more benefits?

Sure, feel free to download

the 16 attributes – How to decide what makes the ideal business start-up!

As you also would agree, running a business is not for everyone.

The person has to have certain attributes too:

  • having a vision or a strong dream
  • be coachable
  • be a team player
  • self-motivated
  • patient
  • have some money to invest,
  • be consistent

Now, if you want to find out more whether you are the right person to start a business, why don’t we talk over the phone or Skype. Book in for a 20 min free consultation with me and let’s find out!

Did you find this post useful?

If yes, I’d be grateful if you comment below and share it on Facebook or your favourite social media chanel.

Lucie Patel Varekova

Lucie Patel Varekova – work-life balance







Lucie Patel Varekova – Blog

or call me on Skype: Lucie Patel Varekova

Email: [email protected]


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